Creative Planning Has $1.97 Million Stock Position in Winmark Corporation $WINA

Creative Planning boosted its position in shares of Winmark Corporation (NASDAQ:WINA) by 38.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,227 shares of the specialty retailer’s stock after purchasing an additional 1,445 shares during the period. Creative Planning owned about 0.15% of Winmark worth $1,974,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in shares of Winmark in the first quarter valued at approximately $510,000. Seizert Capital Partners LLC increased its holdings in Winmark by 29.3% during the 1st quarter. Seizert Capital Partners LLC now owns 833 shares of the specialty retailer’s stock valued at $265,000 after purchasing an additional 189 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in Winmark in the 1st quarter valued at $583,000. Vanguard Group Inc. boosted its stake in Winmark by 1.4% in the first quarter. Vanguard Group Inc. now owns 171,334 shares of the specialty retailer’s stock worth $54,462,000 after purchasing an additional 2,382 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in Winmark by 172.6% in the first quarter. Deutsche Bank AG now owns 6,453 shares of the specialty retailer’s stock worth $2,051,000 after purchasing an additional 4,086 shares in the last quarter. 73.32% of the stock is owned by institutional investors.

Winmark Stock Performance

NASDAQ:WINA opened at $420.90 on Wednesday. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 37.51 and a beta of 0.69. The stock’s fifty day moving average price is $446.18 and its two-hundred day moving average price is $427.38. Winmark Corporation has a 52-week low of $295.79 and a 52-week high of $527.37.

Winmark (NASDAQ:WINA) last released its earnings results on Wednesday, October 15th. The specialty retailer reported $3.02 earnings per share for the quarter, missing analysts’ consensus estimates of $3.22 by ($0.20). Winmark had a negative return on equity of 103.08% and a net margin of 48.84%.The firm had revenue of $22.63 million for the quarter, compared to the consensus estimate of $20.19 million.

Winmark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be given a dividend of $0.96 per share. The ex-dividend date is Wednesday, November 12th. This represents a $3.84 dividend on an annualized basis and a yield of 0.9%. Winmark’s dividend payout ratio is presently 34.22%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Winmark from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Insider Activity

In related news, COO Renae M. Gaudette sold 1,200 shares of the stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $417.11, for a total value of $500,532.00. Following the transaction, the chief operating officer directly owned 18,860 shares in the company, valued at $7,866,694.60. This represents a 5.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lawrence A. Barbetta sold 852 shares of Winmark stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $505.02, for a total transaction of $430,277.04. Following the sale, the director directly owned 649 shares of the company’s stock, valued at $327,757.98. This represents a 56.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 10.10% of the stock is currently owned by company insiders.

About Winmark

Winmark Corporation, a resale company operates as a franchisor for small business in the United States and Canada. The company franchises retail stores concepts that buy, sell and trade merchandise. It also operates middle-market equipment leasing business. In addition, the company buys and sells used clothing and accessories geared toward the teenage and young adult market under Plato’s Closet brand; and operates stores which buys and sells used and new children’s clothing, toys, furniture, equipment, and accessories primarily to parents of children ages infant to 12 years under the Once Upon A Child brand.